Thursday, 26 May 2016

Boundless helps
you in inventory management and have collated what is called best practices in
it.

With these, you
can grow your business by leaps and bounds and augment gains.

1. Having an
intact inventory control system is best. Two commonly used systems are periodic
and perpetual. Periodic are the ones,
which refurbishes ledger periodically i.e. weekly, monthly and quarterly. Perpetual
systems are the ones, which updates inventory after each purchase, sale and adjustment.
The more frequently it is updated, the easier it is for a business to plan.

2. Have
Inventory categorisation. As 80-20 rule applies majorly to inventory, it is
better to set priorities straight. (80% sales come from 20% of the products).

3. Have a proper
inventory adjuring system. You should know what you need, how much you need and
when you need it. This saves one from unwanted circumstances such as inflated
inventory costs and longer lead times.

4. Imbrute the
inventory system. This standardises the process, saves time and money,
increases accuracy and simplifies documentation.

5. Forecast
demand as sales may vary due to vicissitude in trends, seasons etc. Thus,
demand forecast can help better plan inventory requirements to maintain levels.

6. Perform
physical inventory counts. A rubric to control inventory and attune it to the
amounts in periodic or perpetual system on the books, physical inventory is
normally done once a year normally at the end of the fiscal year. Larger businesses
and those preferring periodic or seasonal inventory counts, do it more
frequently.

7. Make
acclimation as required for goods unsold, obsolete, stolen, damaged or for
goods whose market value is lower than the cost of the good.

Tuesday, 24 May 2016

Boundless helps
your supply chain management through process convalescent by enhancing
communication, refining information, which aids in decision-making and
efficient transaction processing. More methods are listed as follows for you to
attain effective business.

The ways to enhance
management of supply chain are:

1. Communicating
with customer and vendors electronically can help with standardising, ordering,
receiving and invoicing processes thereby eliminating manual errors. The
electronic formats can be interchanged between habitués and vendors after their
sign-off.

2. Vendor -managed
inventories (VMI) is the need of the hour. In vendor-managed inventories, all
incubus of the customer's stock level lies with the vendor. For a businesses,
such offering is a differentiator between various vendors. VMI further aids in
maintaining customer relationships.

3. In an effort to guesstimate vendor performance,
enterprises need to capture data and need to have some performance metrics. Some
of the metrics include lead times, over and short shipments, quality issues, in-
time delivery, invoice, order accuracy etc.

4. Boundless
offers content updation of portals and for supply chain management to be
effective, vendor and customer portals need to be updated as they provide good
information. Such portals can provide information on orders open, shipment
dates etc. Request for action can be taken care of. Self-services such as order
placement and payment transactions too can be facilitated through them. They
also provide with delivery dates which further aids in providing production schedules.

5. Pay on receipts
systems should be there too which takes information from purchase orders
primarily.

Stay tuned to
this space for more on supply chain management as we will continue to provide you with such useful techniques. Boundless
offers effective management offerings. And for more on supply chain
management, call us at +91-11-66797769 or e-mail at info@boundlessindia.com or visit us at http://www.boundlessindia.com.

Sunday, 1 May 2016

There are
certain issues that might affect warehousing big time. Some of them are listed
as follows:

Market and
product stability

The long-term
market growth and the product's stability will influence the size of the
warehouse as well as its location. This will also affect the prospective space
/ location of the warehouse. These considerations can also affect the kind of
warehouses and the technology, which is to be used.

Kinds of
materials to be stored / handled

Materials can be
raw materials, original equipment manufacturer auto spare parts, packaging
materials and finished goods. The units stored can vary and be such as carton
boxes, containers for liquid boxes, drums, sacks and loads. In case of
perishables, special requirements can also be met for temperature and humidity.
All this will influence the kind of warehouses and the technology level used.

Warehouse
facility: kind, size and location

A warehouse's kind,
size and location will also depend on the position of the warehouse in a supply
chain network. The inventory level, customer base, the requirement for
inventory optimization and overall customer levels should also be considered when
deciding the kind, size and location of the warehouse.

Choice of unit
load

The selection of
unit load such as tote bins, pallets, rolls etc. will depend on the kind of
materials stored in the warehouse. Inside a warehouse, it can influence the
kinds of storage systems and the options of equipment handling. In terms of
transport, it can affect its operations in terms of vehicle loading and
unloading and vehicle utilisation.

Boundless helps you with the
warehouse management process. It studies and then proposes alternate
improvements, so that you never land in trouble. The issues that affect
warehousing such as listed above are taken care of by us. For more on warehousing,
call us at +91-11-66797769 or e-mail at info@boundlessindia.com or visit us at http://www.boundlessindia.com.